Frasers Property secures more land in Brisbane’s south-east
06 March 2018
Frasers Property acquires a 5.4 hectare Carina site
Frasers Property:
Frasers Property Australia has expanded its holdings in
south-east
Brisbane by acquiring a 5.4 hectare site from Cobbity Farm
Bakeries Pty Ltd, for $27,750,000.
Situated at 179-193 Fursden Road, Carina, the site is in the middle ring
eastern corridor and is approximately eight kilometres from the Brisbane
CBD.
Frasers Property plans to develop the land parcel, currently occupied by
Cobbity Farm’s former bakery, into a
masterplanned community comprising
traditional
housing lots as well as terrace homes and townhouses.
Cameron Leggatt, General Manager Residential
Queensland for Frasers
Property Australia, said the site purchase offered a rare infill
development opportunity in a strong middle ring suburb of Brisbane.
“Carina is a well-established suburb, supported by extensive urban
infrastructure, including transport, schools and shopping with the
Westfield Carindale regional centre nearby,” Mr Leggatt said.
“This site provides a strategic opportunity for Frasers Property to
bring to the market a suite of new products in an inner-city area that
has been largely fully developed for more than two decades.
“It’s rare to secure a site of this scale in an area so close to the
city and where demand for quality housing is so strong.”
Frasers Property is no stranger to Brisbane’s booming eastern suburbs
after reigniting Coorparoo’s retail and residential heart with the
highly successful
Coorparoo Square mixed-use development which has been
recently completed, and before that Solito at Carindale.
Mr Leggatt said the middle ring of Brisbane, and more particularly
Carina, is a highly desirable location with high barriers to entry.
“This acquisition gives Frasers Property a unique opportunity to develop
a combination of land, terrace home, and townhouse products in a suburb
with excellent fundamentals.”
The masterplan will include community amenities and parkland.
The site is adjacent to extensive natural amenity in Minnippi Parklands
and Bulimba Creek’s canoe trail and bike path.
To the north the site will overlook the future Minnippi golf course,
which is expected to be completed by the end of 2018.
The site is well connected by a variety of transport options, and is
currently serviced by bus routes along Creek Road and Meadowsland Road.
The Gateway Motorway, broader south-east Queensland motorway network and
Brisbane Airport is easily accessible.
The property was marketed via an Expressions of Interest campaign by
Brendan Hogan and Adam Rubie of Colliers International.
“We received exceptional interest from the market given the quality of
the offering. Groups were drawn to this site on the back of the ability
to create a premium residential offering, complimentary to the
low-medium density nature of the locality.” Mr Hogan said.
--ENDS--
Source: Frasers Property - www.frasersproperty.com.au
Contact: N/A
External Links: N/A
Recent news by: Frasers Property